SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Monday's session are J.C. Penney Co., Paychex Inc., and Diamond Foods Inc.
Investors are likely to watch J.C. Penney (JCP) shares to see if they rebound following a 30% drop during the week, the biggest loser in the S&P 500 (SPX) . The department store chain late Thursday secured funds via the sale of 84 million shares which weighed heavily on the stock.
Many of the concerns that dragged the shares down recently have the been remedied, said analysts at Deutsche Bank. Still, top-line and margin results are the key factors determining the company's prospects going forward, they said. The analysts lowered the stock's price target to $12 from $15.
Paychex (PAYX) is projected to report first-quarter earnings of 43 cents a share, according to a consensus survey by Thomson Reuters. "We expect the core payroll business to show continued weakness in fiscal 1Q at 3.0% growth," Jason Kupferberg, an analyst at Jefferies, said in a note.
Diamond Foods (DMND) is forecast to post a loss of 3 cents a share in the fourth quarter. The stock was upgraded to buy from hold with a price target of $28 at BB&T Capital Markets on Thursday.
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